On Wednesday, Shares of AbbVie Inc. (NYSE:ABBV), gained 0.59% to $67.01.
Bristol-Myers Squibb Company (BMY) and AbbVie, declared that results from an interim analysis of its Phase III, randomized, open-label ELOQUENT-2 trial were published in the June 2 online edition of the New England Journal of Medicine. The trial (n=646) evaluated elotuzumab, an investigational immunostimulatory antibody, in combination with lenalidomide and dexamethasone (ELd) as compared to lenalidomide and dexamethasone alone (Ld) for the treatment of relapsed or refractory multiple myeloma. The study met its co-primary endpoints demonstrating superior progression-free survival (PFS) and overall response rate (ORR).
The ELd arm demonstrated a 30% reduction in the risk of disease progression or death contrast to the Ld arm (HR 0.70, 95% CI, [0.57, 0.85]; p = 0.0004). The PFS rates in the ELd arm as compared to the Ld arm were 68% as compared to 57% at 1 year and 41% as compared to 27% at 2 years, respectively. A noteworthy ORR also was observed with 79% (74% to 83%) in the ELd arm contrast to 66% (60% to 71%) in the Ld arm (odds ratio, 1.9; 1.4 to 2.8; p=0.0002). The safety profile was consistent with formerly-stated studies and there were minimal incremental adverse events (AEs) with the addition of elotuzumab to lenalidomide and dexamethasone.
AbbVie Inc. discovers, develops, manufactures, and sells pharmaceutical products worldwide. The company’s products comprise HUMIRA, a biologic therapy administered as a subcutaneous injection to treat autoimmune diseases; VIEKIRA PAK, an all-oral, short-course, interferon-free therapy, with or without ribavirin, for adult patients with genotype 1 chronic hepatitis, counting those with compensated cirrhosis; Kaletra, an anti-HIV-1 medicine used with other anti-HIV-1 medications as a treatment that maintains viral suppression in people with HIV-1.
Shares of eBay Inc. (NASDAQ:EBAY), inclined 0.02% to $62.01, during its last trading session.
eBay Enterprise, an eBay Inc. company, declared creation of THE SHOP, an eBay Enterprise Agency, the first to focus entirely on designing and driving commerce. The agency leverages over fourteen years of commerce expertise to uncover original data-driven insights, create breakthrough design solutions, and efficiently produce end-to-end experiences that drive measurable results for retailers and brands leveraging eBay Enterprise, Magento or other platforms.
Building on the open source model of Magento, this new breed of commerce design agency has been formed to partner with other agencies in addition to systems integrators. In addition, leading brands and retailers like Alex and Ani, eBay, Lucky Brand, and Nobel Biocare, turn to the agency to design critical commerce touchpoints of their customer journey. THE SHOP, an eBay Enterprise Agency, delivers relevance and improves ROI by leveraging:
- Insights through strategy, analytics, and user research.
- Ideation through creative design, copywriting, user experience, and information architecture.
- Creative production, studio, and technology.
eBay Inc. operates as a technology company that enables commerce and payments on behalf of users, merchants, retailers, and brands of various sizes in the United States and internationally. It operates in three segments: Marketplaces, Payments, and Enterprise.
At the end of Wednesday’s trade, Shares of Himax Technologies, Inc. (NASDAQ:HIMX), gained 6.84% to $6.96.
Himax Technologies, declared that the Company will attend the Credit Suisse Asia Corporate Days event, which is held between June 10-12, 2015. The event is held in New York City on June 10th and 11th, and in Boston on the 12th.
The Company will host one-on-one meetings with investors during the event dates.
Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies to consumer electronics worldwide. The company operates through Driver IC and Non-Driver Products segments. It offers display driver integrated circuits (ICs) and timing controllers used in televisions (TVs), laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices.
Finally, Communications Sales & Leasing, Inc. (NASDAQ:CSAL), ended its last trade with -1.59% loss, and closed at $26.
Communications Sales & Leasing, declared the appointments of Jennifer Banner and David Solomon to the Company’s Board of Directors, increasing the size of the Company’s Board from two to four members.
Mr. Francis X. “Skip” Frantz will continue to serve as Chairman of the Board and chair the governance committee. Ms. Banner will chair the Company’s audit committee and Mr. Solomon will chair the compensation committee. The appointments are effective right away.
Ms. Banner, age 56, serves as a director of BB&T Corporation, Branch Banking & Trust Company, the Federal Reserve Bank of Atlanta (Nashville Branch), and is a past director of First Virginia Banks, Inc. and First Vantage Bank. Since 2008 she has served as CEO of Schaad Companies, LLC, a 105-year old privately held real estate holding company. Formerly, she served as a tax professional at Ernst & Whinney (now Ernst & Young). Ms. Banner maintains an active license as a Certified Public Accountant in the state of Tennessee.
Mr. Solomon, age 55, is a founder and Managing Director of Meritage Funds, a Denver-based manager of private investment funds. Formerly, he served as CEO and Executive Chairman of NuVox Communications, Inc., Executive Vice President and CFO at Brooks Fiber Properties, and a partner in the audit practice of KPMG. Mr. Solomon also serves as a board member of several private companies. He is a member of the American Institute and Tennessee Society of CPA’s and serves on the Board of Trustees for Lipscomb University in Nashville, Tennessee.
Communications Sales & Leasing, Inc. operates as a real estate investment trust. It primarily engages in the acquisition and leasing of communication distribution systems. It owns 64,000 route miles of fiber, 235,000 route miles of copper, and central office land and buildings across 29 states. The company is headquartered in Little Rock, Arkansas.
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